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Jan 26, 2013
01/13
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MSNBC
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now that the debt ceiling is gone, that has become their plan a, the best shot at getting spending cuts. the problem is that their plan a has the most boring name of really any policy in washington, the sequester. but you need to know about it to follow what is going to happen in the next couple of months in d.c. i am not going to use the "s" word, i'm going to call it big, dumb, very, very liberal, friendly spending cuts. but before we rename it you need to hear our speaker, john boehner on the subject. >> the deadline, obviously, is the sequester, have you had any conversation with the president or harry reid about that so far? >> i have not. the sequester is going to go into effect on march first unless there are cuts and reforms to get us on a plan to balance the budget in the next ten years, it is as simple as that. >> mr. boehner told the board that the sequester is as much leverage as we're going to get, quote. he meant it to sound reassuring to conservatives, like that is fine, we don't need the debt ceiling, we have the big spending cuts, democrats will never allow those. i can
now that the debt ceiling is gone, that has become their plan a, the best shot at getting spending cuts. the problem is that their plan a has the most boring name of really any policy in washington, the sequester. but you need to know about it to follow what is going to happen in the next couple of months in d.c. i am not going to use the "s" word, i'm going to call it big, dumb, very, very liberal, friendly spending cuts. but before we rename it you need to hear our speaker, john...
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Jan 27, 2013
01/13
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for every dollar increase in this debt ceiling we have to have a dollar in cuts to match that. the president said earlier this month, i'm not doing that anymore. we are not going to keep negotiating over the debt ceiling. this is our obligation over. the republicans have conceded the president had won the argument and are now -- this week they ebb extended the debt ceiling with no accompanied spending cuts. the republicans will cede that issue to him. >> your latest article, mitt romney i'm not going away. tell me. >> certainly was a little different. he came in to toub this weekend for the alfalfa dinner. we hadn't seen a lot from mitt romney since he lost in november. he to told donors that it was purposeful. he is not going anywhere. he will be active in 2013 and 2014s and in terms of 2016. although some sources said his personal ambition for public office are over. >> good to see you both today. thank you so much. >> thank you, t.j. >>> to the weather, the midwest is facing an ice threat. winter storm is dropping snow and freezing rain expected to bring icy conditions. powe
for every dollar increase in this debt ceiling we have to have a dollar in cuts to match that. the president said earlier this month, i'm not doing that anymore. we are not going to keep negotiating over the debt ceiling. this is our obligation over. the republicans have conceded the president had won the argument and are now -- this week they ebb extended the debt ceiling with no accompanied spending cuts. the republicans will cede that issue to him. >> your latest article, mitt romney...
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not raise the debt ceiling without some spending cuts. but before that, i'm sure i don't have to tell you fine folks that the entire house of representatives is up for re-election next year. when we come back, i want you guys to tell me and our viewers why we should keep any of them around. ♪ norfolk southern what's your function? ♪ ♪ hooking up the country helping business run ♪ ♪ build! we're investing big to keep our country in the lead. ♪ load! we keep moving to deliver what you need. and that means growth, lots of cargo going all around the globe. cars and parts, fuel and steel, peas and rice, hey that's nice! ♪ norfolk southern what's your function? ♪ ♪ helping this big country move ahead as one ♪ ♪ norfolk southern how's that function? ♪ help the gulf when we made recover and learn the gulf, bp from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art
not raise the debt ceiling without some spending cuts. but before that, i'm sure i don't have to tell you fine folks that the entire house of representatives is up for re-election next year. when we come back, i want you guys to tell me and our viewers why we should keep any of them around. ♪ norfolk southern what's your function? ♪ ♪ hooking up the country helping business run ♪ ♪ build! we're investing big to keep our country in the lead. ♪ load! we keep moving to deliver what you...
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Jan 6, 2013
01/13
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CNNW
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can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me what, the president said he's not going to deal. he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the president has already said, it we're going to be talking about further deficit reduction, but it has to be done in a balanced way. at the heart of this debt ceiling debates is whether or not we're going to continue to reduce the deficit. i think we need to do it in a thoughtful way. and the president said as long as it's balanced he's open to the conversation. >> okay. so i'm confused because i've heard him say multiple times i am not going to negotiate over raising this debt ceiling. so are you going to negotiate? >> i can just tell you this. the debt ceiling is something that we should put behind us in a hurry. you know, it
can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me what, the president said he's not going to deal. he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the president has already said, it we're going...
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Jan 25, 2013
01/13
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MSNBC
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ceiling and impose budgets that cut the government 40% in ten years, the idea behind those crisis mongers is that we have to slash the heck out of social insurance, out of programs that provide educational opportunities for poor people, out of things that push back against economic inequality. we can't afford it. we must cut them. the crisis dictates it. if there is no crisis and, as krugman and i argue, there is no crisis, if there is no crisis, they're just out there in nowhere land by themselves, by the way, without the majority of the electorate behind them. >> very briefly, jared, if you can, eric cantor says taxes are done, no taxes, so i guess another stalemate to come on that? >> i see -- it's hard to see how the budget that's going to come out of the senate, and i think patty murray is going to do a very good job on that, is going to reconcile with the kind of budgets we're looking at. >> jared bernstein who absolutely deserves the nobel peace prize, thank you, sir, thank you for joining us. and we'll be right back. ♪ alright, let's go. ♪ shimmy, shimmy chocolate. ♪ shimmy,
ceiling and impose budgets that cut the government 40% in ten years, the idea behind those crisis mongers is that we have to slash the heck out of social insurance, out of programs that provide educational opportunities for poor people, out of things that push back against economic inequality. we can't afford it. we must cut them. the crisis dictates it. if there is no crisis and, as krugman and i argue, there is no crisis, if there is no crisis, they're just out there in nowhere land by...
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Jan 9, 2013
01/13
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CSPAN2
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, by reductions have to be considered separately from the debt ceiling and cuts too deep or aimed # at the wrong program, she says, "hurt the nation in crucial areas like education, technology, science, and energy." what's on the table for cuts? no social security, no medicare, the major drivers of benefits, but are the drivers of debt and deficit. what's on the table for spending cuts? >> guest: okay. there's a lot of questions there. >> host: right. >> guest: first of all, you know, the major drivers of the current deficits are two things. tax cuts for the wealthy and wars in iraq and afghanistan. this has been well documented by economists. let's not pretend like grandmother is responsible for the deficits. she's not. i promise you. yeah, you know, what would define a spending cut, again, cutting the amount of money that would pay for prescription drugs. getting the same drugs for $130 billion cheaper by untying medicare and medicaid's hands and lay low them to negotiation. that's a cut to save money, impacting the big guy, not the little guy. you know, if we sub subsidize ie name o
, by reductions have to be considered separately from the debt ceiling and cuts too deep or aimed # at the wrong program, she says, "hurt the nation in crucial areas like education, technology, science, and energy." what's on the table for cuts? no social security, no medicare, the major drivers of benefits, but are the drivers of debt and deficit. what's on the table for spending cuts? >> guest: okay. there's a lot of questions there. >> host: right. >> guest: first...
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Oct 9, 2013
10/13
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big majorities say we think we should have long-term spending cuts as part of raising the debt ceiling. they hijacked themselves into an obama care discussion. i think the ultimate solution will be more like paul royan an less like ted cruz. >> what's the ultimate solution going to look like? >> i think the ultimate solution will be some kind of negotiation going forward about budget deficits and the debt ceiling will get raised. but now, i thought for a while that we wouldn't hit the debt ceiling limit. now i think we might crash into it, but it will probably not go on too long. but i think eventually the democrats will negotiate on budget issues and there will be some kind of an agreement, whether -- no grand bargain but some agreement. >> do we hit the debt ceiling, do you think, matt? >> we might. it doesn't mean that we'll default. it means that you have to prioritize for a couple of days while the nation freaks out. >> well, and to be fair, the international economy freaks out. woe saw what happened the last time when we came up against it. this isn't something that just resonate
big majorities say we think we should have long-term spending cuts as part of raising the debt ceiling. they hijacked themselves into an obama care discussion. i think the ultimate solution will be more like paul royan an less like ted cruz. >> what's the ultimate solution going to look like? >> i think the ultimate solution will be some kind of negotiation going forward about budget deficits and the debt ceiling will get raised. but now, i thought for a while that we wouldn't hit...
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Mar 11, 2013
03/13
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CSPAN
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people are going to start hearing more about the debt ceiling. it is probably going to kick in in july and august. host: 1 deadline we are watching is march 22. that is the continuing resolution. it is only in a couple weeks. guest: think everyone is tired of fiscal fight here in washington so there seems to be sentiment to move that forward to not try to completely undo the sequester. part of that may be modifying it, paying in particular for the military. having said that, sometimes these things have a way of becoming showdown's at the last minute. it does not look like we are heading in that direction. host: every time they go in there and tinker with the sequestered they get more flexibility. the greater the likely this questor stays in place. that is less reason to say these cuts are painful. if the government has the ability to place these cuts with some flexibility, the harder it will be for members of congress to say they are too painful. host: a caller is calling on the democrats online. go-ahead. caller: what i want to know is why these
people are going to start hearing more about the debt ceiling. it is probably going to kick in in july and august. host: 1 deadline we are watching is march 22. that is the continuing resolution. it is only in a couple weeks. guest: think everyone is tired of fiscal fight here in washington so there seems to be sentiment to move that forward to not try to completely undo the sequester. part of that may be modifying it, paying in particular for the military. having said that, sometimes these...
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Jan 27, 2013
01/13
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mark your calendars march 19th when the delayed debt ceiling crisis could come back to haunt us. the budget battle and considering the behavior of possums and ducks begs the question of when those responsible for governing will act more like the people we have elected them to be and less like political animals. with me at the table, arie, vickie, assistant dean, robert and co-founder of no label, david walker, the formal head of the office at gao. nice to have you all here. okay. so -- we have big problems. huge issues that need to be solved in our country. it looks like we are going to be lurching every six weeks to another silly drip drap showdown for four years. is that what we are looking at here? >> what the republicans have done is always keeping this administration on the defense from a fiscal standpoint. your point was brilliant in how you worded it. every six months we have the conversation where the republican party wants to be. they want to rebrand themselves as fiscal austerity and fiscal restraint. medicare part d and iraq. that was so ten years ago. but to my earlie
mark your calendars march 19th when the delayed debt ceiling crisis could come back to haunt us. the budget battle and considering the behavior of possums and ducks begs the question of when those responsible for governing will act more like the people we have elected them to be and less like political animals. with me at the table, arie, vickie, assistant dean, robert and co-founder of no label, david walker, the formal head of the office at gao. nice to have you all here. okay. so -- we have...
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Jan 24, 2013
01/13
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KQED
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remember how they vowed they would only raise the debt ceiling by a dollar for every dollar cut in spending. now they said never mind. we'll push that down the road. the big fight will be on the sweeping spending cuts that go into effect march 1 and on the government funding that runs out on march 27. march is going to be the month to watch, and it's a month that could end in a government shutdown. >> ifill: is it the kind of fight the republicans want to have to redefine themselveses? >> i think they do. gwen, i think you have to know when to hold them and know when to fold them. yes, the republicans folded on this wise wisely. finally, i think they got some smart on this. you have to pick your fights. they need a breather now. they've been on the defense for a year on tax cuts for millionaires, on toughness, shutting down the government, they're not going to compromise. they need to recalbright here, a reset button needs to be pushed and it seems like in every aspect of government. and fight on future spending, not on obligations already incur. >> ifill: in the inaugural address this week
remember how they vowed they would only raise the debt ceiling by a dollar for every dollar cut in spending. now they said never mind. we'll push that down the road. the big fight will be on the sweeping spending cuts that go into effect march 1 and on the government funding that runs out on march 27. march is going to be the month to watch, and it's a month that could end in a government shutdown. >> ifill: is it the kind of fight the republicans want to have to redefine themselveses?...
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Jan 24, 2013
01/13
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MSNBC
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so on top of keeping this debt ceiling cloud over the economy, they're talking about these across-the-board meat ax cuts that will also hurt the economy, when we should be focused on jobs and economic growth. >> congressman chris van hollen, good to have you with us tonight on "the ed show." >> good to be with you. thank you. >> there is a lot more coming up in the next half hour of "the ed show." stay with us. ted nugent goes off the deep end. >> the barack obama gang attempting to reimplement the tyranny of king george. >> we'll show you what he and his buddies will be up against. >>> we all pay a transaction tax every day, but not the fat cats on wall street. david cay johnston tells us how it could make a dig difference. >>> and next, vermont senator bernie sanders will tell us if the senate filibuster rules are about to change. >>> welcome back to "the ed show." at this hour, there is still no finalized deal between democrats and republicans on filibuster reform in the senate, but new details are coming out. but no matter what happens, it looks like the all important talking filibuster
so on top of keeping this debt ceiling cloud over the economy, they're talking about these across-the-board meat ax cuts that will also hurt the economy, when we should be focused on jobs and economic growth. >> congressman chris van hollen, good to have you with us tonight on "the ed show." >> good to be with you. thank you. >> there is a lot more coming up in the next half hour of "the ed show." stay with us. ted nugent goes off the deep end. >> the...
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Jan 27, 2013
01/13
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CSPAN
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[applause] the house will not consider another boat to increase the debt ceiling unless the senate passes a budget. we are going to point the country in the right direction. we are going to cut spending. [applause] it will be times when conservatives disagree on the way forward. we have never marched in lockstep. that is not what we do. and healthy debate is a good and needed thing. we can do that in private without doing it in public. we need to give an honest account of our actions and the reasons for that. we should challenge the left and not each other. our founders were men of prudence. taken james madison. nowadays they call him the founder of the constitution. he lost some key governments -- arguments. he fought for plan to give the states the same number of states in the government. he wanted to give congress even more power. he wanted it to be able to veto state laws. madison argued vigorously for his side. when it came time to ratify the constitution, there was no greater advocate and james madison. he helped write editorials and called it the federalist papers. he led the charg
[applause] the house will not consider another boat to increase the debt ceiling unless the senate passes a budget. we are going to point the country in the right direction. we are going to cut spending. [applause] it will be times when conservatives disagree on the way forward. we have never marched in lockstep. that is not what we do. and healthy debate is a good and needed thing. we can do that in private without doing it in public. we need to give an honest account of our actions and the...
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Feb 5, 2013
02/13
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CSPAN2
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if republicans had time to this issue and said, you know, were not going to raise the debt ceiling unless at a certain amount of cuts, they would've caved in the end, would've been disastrous, much like what the fiscal cliff and i think boehner and right together did a very nice job convincing republicans that you can't govern from the house, but sure to be careful about getting into these high-profile, high-stakes, last-minute negotiations with the president. it worked in the white house, i worked in three administrations. they have a tremendous institutional at vantage in this kind of bias. i think what republicans have to do is avoid these sites come at the straps the democrats and president obama are laying, provide an alternative to passing legislation, just to show them this is how we recover if we have the powers of the presidency and the senate and to be careful and frankly the rougher edges republicans sometimes have. >> host: some republicans aren't happy sr is moving ahead. >> guest: i think if they had gone ahead, it would have been cataclysmic for the republican party. i say
if republicans had time to this issue and said, you know, were not going to raise the debt ceiling unless at a certain amount of cuts, they would've caved in the end, would've been disastrous, much like what the fiscal cliff and i think boehner and right together did a very nice job convincing republicans that you can't govern from the house, but sure to be careful about getting into these high-profile, high-stakes, last-minute negotiations with the president. it worked in the white house, i...
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Feb 12, 2013
02/13
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MSNBC
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you're saying now, the debt ceiling showdown, you had a lot of republicans, leadership particularly who walked into this mess where they actually had their rank and file to do a debt default. they needed some way, any way out of it. so what the white house, the democrats put in front of them was the committee, the sequester, they were so happy to have any kind of lifeline, and john boehner comes out, pretends it is a victory, 98%, keeping the members in line. now here it is, a ticking time bomb for republicans, a year, year and a half, they're realizing, wait a minute, we don't have much leverage with the sequester after all. >> but the thing is, boehner did get 98% of what he wanted if you believe that he really wants spending cuts. >> right, exactly, but he doesn't want any spending cuts. he wants spending cuts in very specific programs. >> none in defense. >> not a penny. >> that is the main area they want to avoid, which is exactly why the president pushed to put the spending cuts in. they, as you point out, made a huge strategic error. they had much more power, much more momentum b
you're saying now, the debt ceiling showdown, you had a lot of republicans, leadership particularly who walked into this mess where they actually had their rank and file to do a debt default. they needed some way, any way out of it. so what the white house, the democrats put in front of them was the committee, the sequester, they were so happy to have any kind of lifeline, and john boehner comes out, pretends it is a victory, 98%, keeping the members in line. now here it is, a ticking time bomb...
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Jan 26, 2013
01/13
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CSPAN
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we are not going to just keep raising the debt ceiling, we are going to make a down payment on debt reduction and we are going to putt -- we are going to point the country in the right direction. we are going to cut spending. [applause] there will be times when conservatives disagree on the way forward. we never marched in lockstep. we can deliver it in private. all we should ask for each other is that we give an honest account of our actions and the reasons for them. we should challenge the left, not each other. if we take a prudent course we will be in very good company. take james madison. nowadays we call him the founder and the father of the constitution. but at the constitutional convention he lost key arguments. he fought to give each state the same number of seats in the senate. he wanted to give congress more power. he wanted them to be able to be tough state laws. in both cases, he argued vigorously for his side. in both sets -- in both cases he lost. when it came to ratify the when it came time to ratify the constitution, there was no better person than james madison. he led the ch
we are not going to just keep raising the debt ceiling, we are going to make a down payment on debt reduction and we are going to putt -- we are going to point the country in the right direction. we are going to cut spending. [applause] there will be times when conservatives disagree on the way forward. we never marched in lockstep. we can deliver it in private. all we should ask for each other is that we give an honest account of our actions and the reasons for them. we should challenge the...
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Sep 1, 2013
09/13
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CSPAN
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the speaker has said he wants an equal number of cuts in spending to the increase in the debt ceiling. he is under pressure to either defund or delay obamacare. notpresident says he will negotiate on the debt ceiling. is that a position you would support, that he should not negotiate on the debt ceiling? we have theall, preliminaries and then we have the main advance. ande is this positioning dinner meetings and talking and getting there. of peoplea lot making a lot of tough statements about what they're going to do and not going to do. that after the pushing and negotiating we will find some expense cuts. before we finish the show i want to talk to you about the gorilla in this room. the subject, there will be a lot of debate and talk about the question of what are we going to do about the debt? when this is done, we are going to have to do some cutting to help. if we default on the debt we are defaulting on america's position on the world. -- in the world. the speaker has to make a strong case that he is not going to make this easy or he is going to extract other requirements to do
the speaker has said he wants an equal number of cuts in spending to the increase in the debt ceiling. he is under pressure to either defund or delay obamacare. notpresident says he will negotiate on the debt ceiling. is that a position you would support, that he should not negotiate on the debt ceiling? we have theall, preliminaries and then we have the main advance. ande is this positioning dinner meetings and talking and getting there. of peoplea lot making a lot of tough statements about...
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Jan 2, 2013
01/13
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CURRENT
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at the same time the problems with this bill are, it doesn't do anything about the debt ceiling, kicks that can down the road to use another phrase we're note supposed to use anymore. it doesn't do anything about the sequester cuts half in defense and half in social programs. we're going to be fighting over that again in another month. it also defines middle class -- this is what i just can't understand -- defines middle class as a couple making $450,000 a year. [ laughter ] >> bill: the median income in this country is $50,000, right? >> yeah. >> bill: so how can you possibly say up to $450,000 are middle class and deserve a tax break? so it is a mess. i would have voted for it. but what do you think about this deal 866-55-press -- by the way the other bad part payroll taxes are going to go up. and congress itself -- how much more broken can congress get than it is right now? they have known -- they had to deal with this for a year and a half. it was clear that they had to approve new revenue and a combination of new revenue and new spending cuts. it was clear we could not afford to c
at the same time the problems with this bill are, it doesn't do anything about the debt ceiling, kicks that can down the road to use another phrase we're note supposed to use anymore. it doesn't do anything about the sequester cuts half in defense and half in social programs. we're going to be fighting over that again in another month. it also defines middle class -- this is what i just can't understand -- defines middle class as a couple making $450,000 a year. [ laughter ] >> bill: the...
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Jan 12, 2013
01/13
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CNNW
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debt ceilings, budgets and spending cuts are all you'll hear coming out of washington for the next few months. the partisan warfare in washington could put a dent in any recovery. the threat is real. the next battle will be another clash over raising the u.s. debt ceiling. the current ceiling was officially hit on december 31st, but like last time the u.s. treasury is using extraordinary measures to get through about late february or early march. if congress doesn't act by then, the government risks not being able to pay some of its bills. republicans seem to think the debt ceiling is a useful tool to limit how much the government spends, but that is not what the debt ceiling law is supposed to do. it gives the u.s. treasury the flexibility to borrow money to pay the government's bills without going to congress to get approval every single time. it has nothing to do with spe spending or debt control. you might want it to be about spending control like i'd like to be in "people's" list of 50 most beautiful people. wishful thinking doesn't make it happen. they can use the debt ceiling as
debt ceilings, budgets and spending cuts are all you'll hear coming out of washington for the next few months. the partisan warfare in washington could put a dent in any recovery. the threat is real. the next battle will be another clash over raising the u.s. debt ceiling. the current ceiling was officially hit on december 31st, but like last time the u.s. treasury is using extraordinary measures to get through about late february or early march. if congress doesn't act by then, the government...
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Jan 24, 2013
01/13
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CURRENT
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take for instance, raising the debt ceiling. something that everyone agrees need to be done. well, good news. by a vote of 285-144 today the house passed a bill raising the debt ceiling until may. but due to a provision that would withhold congressional pay if a budget isn't approved this year. 111 democrats voted against raiding the debt ceiling calling that provision a gimmick. however, it goes well beyond the house. today senator dick durbin revealed the democrats don't have the 51 votes necessary to reinstitute the talking filibuster even through the so-called nuclear option, even though everyone seems to want it. the last hope in filibuster reform is harry reid's great compromise of needing 41 votes to maintain a filibuster but i'm confident that the democrats will find some way to back down from that, too. joining me now the only one and only michael tomasky. starting with the debt ceiling. 111 democrats voted against raising the debt ceiling. was this all about the no budget no pay provision are the democrats trying to stick it to the g.o.p. >> i think the latter and i
take for instance, raising the debt ceiling. something that everyone agrees need to be done. well, good news. by a vote of 285-144 today the house passed a bill raising the debt ceiling until may. but due to a provision that would withhold congressional pay if a budget isn't approved this year. 111 democrats voted against raiding the debt ceiling calling that provision a gimmick. however, it goes well beyond the house. today senator dick durbin revealed the democrats don't have the 51 votes...
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Jan 3, 2013
01/13
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MSNBCW
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to push the country into debt ceiling, unless the republicans allow enormous cuts. and no tax increases. so in the end you will have enormous spending cuts and increases in taxes. the republicans say no way, they will not be held hostage on the debt ceiling. and if republicans want cuts coming up, they have to off set it with tax increases. and if the white house is right about it, then i think we'll look back, add up all the numbers and it will look like a pretty good deal. with one exception, we're losing the stimulus and not replacing it. but if the white house is right they can get taxes in the next phase of the deal too, i think it will look good. >> yeah, ezra, and i'm prepared to analyze what this deal was right here without necessarily making it how good it is depending on what happens in the future. but i agree with you what is coming. and jared, i agree with the president very carefully about what he is saying, he will not negotiate on the debt ceiling. he has absolutely ruled out using his own executive powers raising the debt ceiling. so it seems to me w
to push the country into debt ceiling, unless the republicans allow enormous cuts. and no tax increases. so in the end you will have enormous spending cuts and increases in taxes. the republicans say no way, they will not be held hostage on the debt ceiling. and if republicans want cuts coming up, they have to off set it with tax increases. and if the white house is right about it, then i think we'll look back, add up all the numbers and it will look like a pretty good deal. with one exception,...
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Dec 22, 2013
12/13
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WUSA
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ceiling without deeper cuts in government and medical entitlement programs cherished by democrat. ryan did the right thing by brokering the deal but blasted by the party to not do more by cutting the $17 trillion debt of the nation. mcconnell is in a particularly truck re-election race. the budget deal only found $85 billion in cuts and revenue increases over the next 10 years, including unpopular moves like pairing cost of living increases for working age military retirees by 1%, to raise $6 billion. it is also an election year. and the republicans will fight higher taxes and fees just as democrats fight medicare and entitlement cuts. that's especially the case because some democrats fear republicans are pushing them to cut entitlements as a weapon the g.o.p. can use to beat democrats in november. so anyone who thinks defense spending will escape future cuts should think again. defense will remain a target. and the current deal may prove to be temporary relief at best. thanks for joining us for this week in defense news. i'm vago muradian. you can watch this program online at def
ceiling without deeper cuts in government and medical entitlement programs cherished by democrat. ryan did the right thing by brokering the deal but blasted by the party to not do more by cutting the $17 trillion debt of the nation. mcconnell is in a particularly truck re-election race. the budget deal only found $85 billion in cuts and revenue increases over the next 10 years, including unpopular moves like pairing cost of living increases for working age military retirees by 1%, to raise $6...
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Jan 13, 2013
01/13
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they say they need to hold the debt ceiling hostage to get real spending cuts. ron johnson is a republican senator from wisconsin, a member of the senate budge committee. as i said, the debt ceiling is not actually about future spending, it is for paying for bills that we already bought. whether or not you think we should spend less money in the united states, do you agree with my premise? >> no, i don't ali and hello, by the way. what the debt ceiling is all about, is providing the president the authority to borrow more money, put it on the backs of our children and grandchildren. there's no doubt that we are not going to default on our debt. but what the debt ceiling allows or what the debt ceiling allows congress to do is to continue to deficit spend if we would stop incurring deficits, we wouldn't need to increase the debt ceiling. it's not about paying past bills, you bet into the cash flow aspect of this thing. basically what you're talking about is in order to increase the debt ceiling, we're giving the president the authority to put the burdened on our c
they say they need to hold the debt ceiling hostage to get real spending cuts. ron johnson is a republican senator from wisconsin, a member of the senate budge committee. as i said, the debt ceiling is not actually about future spending, it is for paying for bills that we already bought. whether or not you think we should spend less money in the united states, do you agree with my premise? >> no, i don't ali and hello, by the way. what the debt ceiling is all about, is providing the...
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Oct 19, 2013
10/13
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another debt ceiling increase? and obama care. or ten weeks from now will there be a new year's sequel to this month's government shutdown and almost debt default? >> the horse trading is about to begin as it will begin. the irony is now that ted cruz has won. now the republican leadership is going to be in the position to get obama care. paul ryan is obviously going to try to get cuts to medicare, you know, social security and the entitlements. they're going to work to save sequestration. so the republicans are now singing from the pro book that it was previously only backed up by ted cruz singing it. now, the question is if they could get the democrats to make it happen and, you know, i think that there is. >> eleanor? >> ted cruz won in a very small universe, which is the true believer. the republican party has been so tarnished by the events of the last several weeks. and that the remaining moderates, the traditionalists, the establishments, the wall street backers. and they are rising up against ted cruz and the minority of t
another debt ceiling increase? and obama care. or ten weeks from now will there be a new year's sequel to this month's government shutdown and almost debt default? >> the horse trading is about to begin as it will begin. the irony is now that ted cruz has won. now the republican leadership is going to be in the position to get obama care. paul ryan is obviously going to try to get cuts to medicare, you know, social security and the entitlements. they're going to work to save...
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Jan 7, 2013
01/13
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. >> we're going to cut spending. >> this is more like a debt ceiling thing. >> stephanie: again. as i was saying, what eye candy for the gals to have mitch mcconnell on every sunday show. no matter where you turn, that was -- [ screaming ] okay. this sunlight hits your television just right and reflects off his glasses things can burst into flames. you need to be careful. mike in pittsburgh writes steph -- >> he's a fire starter. he did start the fire. >> stephanie: yeah, well we didn't. dear steph i keep listening to the criticism of the fiscal cliff, not getting the $250,000 limit. here's a factoid for you. in 1939, president clinton enacted the tax rate on incomes over $250,000. now, the i.r.s. and today adjusted for inflation his $250,000 is $397,000 which is exactly what the president got. president obama got the same deal president clinton got back then. i would say the country did pretty good. >> that's just kenyan voodoo. [ ding ding ] [ applause ] >> stephanie: all right. isn't it just like -- it's like an acid flashback or like a flintstones cartoon background. here we
. >> we're going to cut spending. >> this is more like a debt ceiling thing. >> stephanie: again. as i was saying, what eye candy for the gals to have mitch mcconnell on every sunday show. no matter where you turn, that was -- [ screaming ] okay. this sunlight hits your television just right and reflects off his glasses things can burst into flames. you need to be careful. mike in pittsburgh writes steph -- >> he's a fire starter. he did start the fire. >>...
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Mar 10, 2013
03/13
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people are going to start hearing more about the debt ceiling. it is probably going to kick in in july and august. host: 1 deadline we are watching is march 22. that is the continuing resolution. it is only in a couple weeks. guest: think everyone is tired of fiscal fight here in washington so there seems to be sentiment to move that forward to not try to completely undo the sequester. part of that may be modifying it, paying in particular for the military. having said that, sometimes these things have a way of becoming showdown's at the last minute. it does not look like we are heading in that direction. host: every time they go in there and tinker with the sequestered they get more flexibility. the greater the likely this questor stays in place. that is less reason to say these cuts are painful. if the government has the ability to place these cuts with some flexibility, the harder it will be for members of congress to say they are too painful. host: a caller is calling on the democrats online. go-ahead. caller: what i want to know is why these
people are going to start hearing more about the debt ceiling. it is probably going to kick in in july and august. host: 1 deadline we are watching is march 22. that is the continuing resolution. it is only in a couple weeks. guest: think everyone is tired of fiscal fight here in washington so there seems to be sentiment to move that forward to not try to completely undo the sequester. part of that may be modifying it, paying in particular for the military. having said that, sometimes these...
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Mar 17, 2013
03/13
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ceiling? does it all get wrapped in there and does it deal with sequestration? >> that would be the idea to finally resolve these issues at least for the next several years that would include finding spending cuts. the president also wants revenue to replace the sequestration a as well as extend the debt limit for a period of time at least as the president wants it so he doesn't have to deal with it again at least in the next couple of years and perhaps the rest of his term. >> all right. heidi, the hearing now debating a continuing resolution which funds the government keeps the government running. what is the difference between that and what russell was just talking about? >> since we have not had budgets we've been running on this stop gap system assembly line here of confrontations every six months between democrats around republicans over these so-called continuing resolutions which keep the government running. now, over the past two years we've seen this circus of arguments between the t
ceiling? does it all get wrapped in there and does it deal with sequestration? >> that would be the idea to finally resolve these issues at least for the next several years that would include finding spending cuts. the president also wants revenue to replace the sequestration a as well as extend the debt limit for a period of time at least as the president wants it so he doesn't have to deal with it again at least in the next couple of years and perhaps the rest of his term. >> all...
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Oct 17, 2013
10/13
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, entitlement reform to the debt ceiling debate. we now have two months to negotiate on the debt ceiling, which is exactly what republicans have wanted. i promise you, congressman, republicans will get what they want, at least in part, attached to that debt ceiling deficit. don't you think it's premature for democrats to be wagging their fingers at republicans and declaring victory? >> again, i don't view this as a victory, first of all, second of all, the debt ceiling is about past and current financial debt and obligation, not about future debt and obligations president if luke and the republicans want to negotiate about the budget going forward, then fine, they should have passed a clean funding bill and averted a default, and instead of holding us hostage -- you talked about negotiation. my wife doesn't negotiate with a gun to my head. she comes to me and says let's talk about -- >> rhetoric is part of what's contributed to the problem here. it's not what happened. it's not a fair description of where we are. >>> listen, we're g
, entitlement reform to the debt ceiling debate. we now have two months to negotiate on the debt ceiling, which is exactly what republicans have wanted. i promise you, congressman, republicans will get what they want, at least in part, attached to that debt ceiling deficit. don't you think it's premature for democrats to be wagging their fingers at republicans and declaring victory? >> again, i don't view this as a victory, first of all, second of all, the debt ceiling is about past and...
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Jan 18, 2013
01/13
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we are talking about the debt ceiling. versus spending cuts. chief congressional correspondent mike emanuel reports on the house g.o.p. winter retreat in virginia. >> at the house g.o.p. retreat in williamsberg, virginia, the leaders decided they will pass three-month temporary increase to give them time to finalize a budget. speaker boehner said before there is long-term debt limit increase a budget should be passed that cut spending. the house g.o.p. whip hinted at the strategy. >> our hope is to pass something early so the senate can take action as well. i wouldn't be jeopardizingor economy there. it shows it's a rational, put us on a better path. and i would hi the american public could support it and the senate as well. >> fox news poll reveals 83% think government spending is out of control. up five points from two years ago. 69% of those surveyed say the debt limit should only be raised after major cuts. aides to the number two senate republicans does not support giving president obama a blank check but told "houston chronicle" editorial
we are talking about the debt ceiling. versus spending cuts. chief congressional correspondent mike emanuel reports on the house g.o.p. winter retreat in virginia. >> at the house g.o.p. retreat in williamsberg, virginia, the leaders decided they will pass three-month temporary increase to give them time to finalize a budget. speaker boehner said before there is long-term debt limit increase a budget should be passed that cut spending. the house g.o.p. whip hinted at the strategy....